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Fidelity Series Corporate Bond Fund
mutual fund
FHMFX
Payout Change
Pending
Price as of:
$9.17
+0.0
+0.0%
primary theme
Corporate Bond
share class
FHMFX (Mutual Fund)
Fidelity Series Corporate Bond Fund
Payout Change
Pending
Price as of:
$9.17
+0.0
+0.0%
primary theme
Corporate Bond
share class
FHMFX (Mutual Fund)
Fidelity Series Corporate Bond Fund
Payout Change
Pending
Price as of:
$9.17
+0.0
+0.0%
primary theme
Corporate Bond
share class
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.2%
1 yr return
4.3%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
0.5%
Net Assets
$572 M
Holdings in Top 10
14.0%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FHMFX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.67%
- Dividend Yield 4.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Series Corporate Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateAug 29, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Bartlett
Fund Description
Normally investing at least 80% of assets in corporate bonds and other corporate debt securities and repurchase agreements for those securities. Normally investing primarily in investment-grade corporate debt securities and repurchase agreements for those securities. Managing the fund to have similar overall interest rate risk to the Bloomberg U.S. Credit Bond Index. Investing in domestic and foreign issuers. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Investing in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Read More
FHMFX - Performance
Return Ranking - Trailing
| Period | FHMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -0.4% | 1.0% | 19.64% |
| 1 Yr | 4.3% | -0.9% | 7.9% | 27.38% |
| 3 Yr | -1.2%* | -7.2% | 41.5% | 40.12% |
| 5 Yr | 0.5%* | -7.1% | 24.9% | 34.16% |
| 10 Yr | N/A* | -0.4% | 14.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FHMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -1.4% | -8.1% | 3.0% | 35.12% |
| 2023 | 4.6% | -5.6% | 6.3% | 35.71% |
| 2022 | -19.1% | -28.7% | 142.1% | 61.08% |
| 2021 | -3.8% | -12.3% | 4.9% | 40.24% |
| 2020 | 6.7% | -8.0% | 9.0% | 31.06% |
Total Return Ranking - Trailing
| Period | FHMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -0.4% | 1.0% | 19.64% |
| 1 Yr | 4.3% | -0.9% | 7.9% | 27.38% |
| 3 Yr | -1.2%* | -7.2% | 41.5% | 40.12% |
| 5 Yr | 0.5%* | -7.1% | 24.9% | 34.16% |
| 10 Yr | N/A* | -0.4% | 14.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FHMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 3.5% | -2.7% | 7.3% | 27.38% |
| 2023 | 9.0% | -5.6% | 12.9% | 23.21% |
| 2022 | -16.4% | -25.6% | 151.8% | 67.07% |
| 2021 | -0.7% | -5.1% | 7.5% | 48.78% |
| 2020 | 11.5% | -8.0% | 116.0% | 25.47% |
NAV & Total Return History
FHMFX - Holdings
Concentration Analysis
| FHMFX | Category Low | Category High | FHMFX % Rank | |
|---|---|---|---|---|
| Net Assets | 572 M | 23.9 M | 47.3 B | 63.10% |
| Number of Holdings | 572 | 4 | 10364 | 48.21% |
| Net Assets in Top 10 | 83.5 M | -29.6 M | 3.03 B | 55.95% |
| Weighting of Top 10 | 13.95% | 1.7% | 143.5% | 43.45% |
Top 10 Holdings
- UNITED STATES TREASURY BOND 4.25% 02/15/2054 4.80%
- UNITED STATES TREASURY BOND 4.625% 05/15/2054 2.64%
- Fidelity Cash Central Fund 1.91%
- BANK OF AMERICA CORPORATION 5.202%/VAR 04/25/2029 0.85%
- AVOLON HOLDINGS FUNDING LTD 5.75% 03/01/2029 144A 0.74%
- NISOURCE INC 5.25% 03/30/2028 0.73%
- AES CORP 2.45% 01/15/2031 0.65%
- ENERGY TRANSFER LP 3.75% 05/15/2030 0.56%
- HPS CORPORATE LENDING FUND 6.75% 01/30/2029 144A 0.54%
- SOCIETE GENERALE FRANCE 1.488%/VAR 12/14/2026 144A 0.53%
Asset Allocation
| Weighting | Return Low | Return High | FHMFX % Rank | |
|---|---|---|---|---|
| Bonds | 97.22% | 0.00% | 136.47% | 39.29% |
| Convertible Bonds | 6.59% | 0.00% | 78.47% | 27.38% |
| Cash | 2.50% | -43.80% | 46.48% | 58.33% |
| Preferred Stocks | 0.27% | 0.00% | 9.18% | 24.40% |
| Stocks | 0.00% | 0.00% | 99.98% | 25.60% |
| Other | 0.00% | -5.08% | 12.23% | 70.83% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FHMFX % Rank | |
|---|---|---|---|---|
| Corporate | 87.90% | 41.80% | 99.52% | 45.24% |
| Government | 4.61% | 0.00% | 25.63% | 58.93% |
| Cash & Equivalents | 1.91% | 0.00% | 46.48% | 48.81% |
| Securitized | 0.17% | 0.00% | 23.18% | 76.79% |
| Derivative | 0.00% | -2.44% | 2.14% | 46.43% |
| Municipal | 0.00% | 0.00% | 3.37% | 67.26% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FHMFX % Rank | |
|---|---|---|---|---|
| US | 97.22% | 0.00% | 112.17% | 35.71% |
| Non US | 0.00% | 0.00% | 47.05% | 31.55% |
FHMFX - Expenses
Operational Fees
| FHMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.03% | 3.33% | 100.00% |
| Management Fee | 0.00% | 0.00% | 1.35% | 0.60% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
| FHMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FHMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FHMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 0.00% | 259.00% | 31.33% |
FHMFX - Distributions
Dividend Yield Analysis
| FHMFX | Category Low | Category High | FHMFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.78% | 0.00% | 6.00% | 39.29% |
Dividend Distribution Analysis
| FHMFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FHMFX | Category Low | Category High | FHMFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.67% | 0.38% | 5.93% | 21.08% |
Capital Gain Distribution Analysis
| FHMFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2024 | $0.037 | OrdinaryDividend |
| Nov 30, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.036 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 31, 2024 | $0.036 | OrdinaryDividend |
| Jul 31, 2024 | $0.035 | OrdinaryDividend |
| Jun 30, 2024 | $0.034 | OrdinaryDividend |
| Apr 30, 2024 | $0.034 | OrdinaryDividend |
| Mar 31, 2024 | $0.033 | OrdinaryDividend |
| Feb 29, 2024 | $0.032 | OrdinaryDividend |
| Jan 31, 2024 | $0.034 | OrdinaryDividend |
| Dec 31, 2023 | $0.034 | OrdinaryDividend |
| Dec 13, 2023 | $0.003 | OrdinaryDividend |
| Nov 30, 2023 | $0.032 | OrdinaryDividend |
| Oct 31, 2023 | $0.033 | OrdinaryDividend |
| Sep 30, 2023 | $0.032 | OrdinaryDividend |
| Aug 31, 2023 | $0.032 | OrdinaryDividend |
| Jul 31, 2023 | $0.032 | OrdinaryDividend |
| Jun 30, 2023 | $0.031 | OrdinaryDividend |
| May 31, 2023 | $0.031 | OrdinaryDividend |
| Apr 30, 2023 | $0.030 | OrdinaryDividend |
| Mar 31, 2023 | $0.031 | OrdinaryDividend |
| Feb 28, 2023 | $0.028 | OrdinaryDividend |
| Jan 31, 2023 | $0.030 | OrdinaryDividend |
| Dec 31, 2022 | $0.030 | OrdinaryDividend |
| Nov 30, 2022 | $0.028 | OrdinaryDividend |
| Oct 31, 2022 | $0.029 | OrdinaryDividend |
| Sep 30, 2022 | $0.027 | OrdinaryDividend |
| Aug 31, 2022 | $0.028 | OrdinaryDividend |
| Jul 31, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.025 | OrdinaryDividend |
| May 31, 2022 | $0.026 | OrdinaryDividend |
| Apr 29, 2022 | $0.024 | OrdinaryDividend |
| Mar 31, 2022 | $0.025 | OrdinaryDividend |
| Feb 28, 2022 | $0.022 | OrdinaryDividend |
| Jan 31, 2022 | $0.024 | OrdinaryDividend |
| Dec 31, 2021 | $0.024 | OrdinaryDividend |
| Dec 03, 2021 | $0.027 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.023 | OrdinaryDividend |
| Oct 29, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.023 | OrdinaryDividend |
| Aug 31, 2021 | $0.024 | OrdinaryDividend |
| Jul 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.023 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.024 | OrdinaryDividend |
| Mar 31, 2021 | $0.024 | OrdinaryDividend |
| Feb 26, 2021 | $0.022 | OrdinaryDividend |
| Jan 29, 2021 | $0.027 | OrdinaryDividend |
| Dec 31, 2020 | $0.028 | OrdinaryDividend |
| Dec 04, 2020 | $0.001 | CapitalGainShortTerm |
| Dec 04, 2020 | $0.009 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.028 | OrdinaryDividend |
| Oct 09, 2020 | $0.067 | CapitalGainShortTerm |
| Oct 09, 2020 | $0.039 | CapitalGainLongTerm |
| Sep 30, 2020 | $0.027 | OrdinaryDividend |
| Aug 31, 2020 | $0.028 | OrdinaryDividend |
| Jul 31, 2020 | $0.028 | OrdinaryDividend |
| Jun 30, 2020 | $0.028 | OrdinaryDividend |
| May 29, 2020 | $0.029 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.031 | OrdinaryDividend |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.031 | OrdinaryDividend |
| Dec 31, 2019 | $0.031 | OrdinaryDividend |
| Dec 06, 2019 | $0.016 | CapitalGainShortTerm |
| Nov 29, 2019 | $0.030 | OrdinaryDividend |
| Oct 31, 2019 | $0.030 | OrdinaryDividend |
| Oct 11, 2019 | $0.022 | CapitalGainShortTerm |
| Sep 30, 2019 | $0.031 | OrdinaryDividend |
| Aug 30, 2019 | $0.032 | OrdinaryDividend |
| Jul 31, 2019 | $0.033 | OrdinaryDividend |
| Jun 28, 2019 | $0.032 | OrdinaryDividend |
| Dec 18, 2018 | $0.004 | DailyAccrualFund |
| Oct 12, 2018 | $0.007 | CapitalGainShortTerm |
FHMFX - Fund Manager Analysis
Managers
Matthew Bartlett
Start Date
Tenure
Tenure Rank
Aug 17, 2018
3.79
3.8%
Matt Bartlett is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Mr. Bartlett is a member of the bond division's Credit/Liability Driven Investments Team. Additionally, he manages Fidelity Corporate Bond ETF, Fidelity Series Corporate Bond Fund, Fidelity and Fidelity Advisor Corporate Bond, Global Credit, and Short Duration High Income Funds. Mr. Bartlett earned his bachelor of business administration degree in finance from James Madison University and his master of business administration degree in finance from Loyola University.
Benjamin Tarlow
Start Date
Tenure
Tenure Rank
Oct 30, 2019
2.59
2.6%
Dr. Ben Tarlow is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Dr. Tarlow is responsible for long duration, long credit, and custom Liability Driven Investing (LDI) portfolios and oversees the portfolio quantitative risk and drives the team's pension asset/liability risk modeling. Dr. Tarlow earned his bachelor of science degree in quantitative economics from Tufts University, his master of science degree in econometrics from the London School of Economics and Political Science, and his doctorate degree in economics from Columbia University.
Jay Small
Start Date
Tenure
Tenure Rank
Oct 30, 2020
1.58
1.6%
Prior to joining Fidelity Investments in 2010 as a corporate bond trader, Mr. Small worked as a corporate bond trader at 40/86 Advisors (formerly known as Conseco Capital Management, Inc.) from 2007 to 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.74 | 4.41 |
